Whoop, the Boston-based wearable-tech firm, laid off 15 percent of its corporate staff on Thursday, joining other local technology firms that have announced job cuts in the past few months due to market uncertainty.
A spokesperson said Whoop now has about 550 employees and plans to reorganize multiple departments.
“Given how negatively the macro environment has evolved, we need to grow responsibly and control our own destiny,” the company said in an e-mailed statement. “A reduction like this is never easy.”
Cofounder and chief executive Will Ahmed told the Globe in May that Whoop had over 700 employees (including co-ops and interns) and was on track to have close to 1,000 by the end of the year. As part of the recent cost-saving measures, Whoop has paused its co-op program.
Whoop said in a statement Friday that it plans to “continue hiring to support key company initiatives in the coming months.”